Wednesday, 26 February 2014
Beat the Spring Rush and Sell Your Home NOW!
I've been posting about the promising news coming out of the Brentwood, Tenn., real estate market for the past few weeks, so I hope you've been reading. If not, check back through some of my recent posts. To continue on that topic, I've asked Loan Officer Todd Wiggins of First Community Mortgage to write a guest blog about why you should list now, instead of waiting for Spring, if you want the fastest results. Here's Todd's expert advice:
"The real estate industry tracks data on 'inventory,' 'pending sales,' and 'median residential price' to monitor activity in a market and to watch for trends. The most recent report from the Greater Nashville Association of Realtors shows us that while closings are up from this time last year, our inventories are down. Not surprisingly, the median residential price for a single family home in January has increased from last year’s $167,000 to $195,000. This is a simple lesson in Supply and Demand Economics.
"Of the four basic laws of supply and demand, two of these are currently in effect. If you assume that demand has remained unchanged but concede that supply has decreased, the result is a 'higher equilibrium price.' In those areas where supply has remain unchanged but demand has increased, you get the same result.
"While 'inventories' of homes on the market will vary from town to town and even from neighborhood to neighborhood, we no longer find ourselves with the massive supply of homes that have kept our home prices and values down. Many of my clients in the past few months have struggled in finding the right home or securing a contract on the homes as they hit the market due to this lack of supply. I’ve seen full-price offers made on the first day a house is on the market still not win out. I’ve been encouraging those who have told me that they are preparing to list their homes in Spring to go ahead and list now. The buyers are there. You don’t have to wait. Those who do wait will find themselves listing around the same time as everyone else, thus losing that advantage of a limited supply.
"Are you considering a move? First, get pre-approved for your next mortgage and then, make a listing appointment with a Realtor. Chances are you’ll be pleasantly surprised to find what you could sell for, especially if you are able to list quickly and beat the Spring rush."
Take Todd's advice and beat the Spring rush! Your home will stand out and sell quickly at a great price! Call me and we'll get your home sold now!
First Community Mortgage
615-964-6714 x 225
Posted on 02/26/2014 9:53 PM by Jarod
Tuesday, 18 February 2014
Take Advantage of Brentwood, Tennessee's Outdoor Spaces
I just took a look at the weather forecast for this week, and I’m seeing numbers all the way up to 70! After the long, cold winter we’ve had this year, I know what those temperatures mean: everyone and his dog is going to try to get outdoors this week! One of the great things about living in the Brentwood, Tenn., area is that the developers have always made it a priority to keep green space between the residential and commercial areas of the city, with more than 75 acres currently preserved for that purpose.
The one-acre home lots have always been alluring to those looking for the perfect property, and the added parks, trails, and green spaces have made Brentwood the ideal place to settle, offering plenty of places to play, exercise, picnic, and explore.
This link provides a listing of each park in the Brentwood area with all of the available amenities. The largest park is Crockett Park, which encompasses more than 160 acres. Visitors will find paved paths, nature trails, sports fields, a playground, pavilions, the Eddy Arnold amphitheater, and the historic Cool Springs House, which is available to rent for gatherings. Also, if you click on the Tower Park link, you’ll see that it includes Nutro Dog Park so that your furry family members can stretch their legs and get a glimpse of the sun!
Brentwood’s extensive trail system connects to several neighborhoods and the local YMCA, giving bikers, walkers, and runners a spectacular view of the local scenery. Without the worry of traffic, families can linger on the trails and enjoy the outdoors. A map of the trails can be found here.
These beautiful outdoor spaces add more value to Brentwood, Tennessee’s friendly neighborhoods and award-winning schools. Go explore all that Brentwood has to offer today!
Posted on 02/18/2014 12:12 PM by Jarod
Monday, 10 February 2014
Take Advantage of the Current Seller's Market
The Williamson County Association of Realtors just released sales numbers and statistics for January 2014, and I think the rest of you should know that consumer confidence continues to grow in Williamson County! The number of January closings was the highest it has been since 2008, and it's up 20.2% over January 2013. The median sales price was the highest January on record, with a 26.2% increase over January 2013. There are also reports of quick sales, which can be attributed to a recovering economy and a lack of home inventory—the lowest since 2006. If you've been on the fence about trying to sell your home, don't delay! Call me and let's start the process.
Although the odds of selling quickly are in your favor right now, there are some things you need to consider before you put a sign in your yard.
This post will focus on the old business adage “You’ve got to spend money to make money.” Not every upgrade or repair you make will receive the same return on your investment, so that is where I can step in as your real-estate expert and help you focus on the right things to help your home sell quickly in the Brentwood, Tenn., area.
Many people balk when this concept is suggested. They don’t want to sink money into a home that they are about to leave, so they skip over these details. The result is a home that sits on the market for months. Preparing to sell your home does not necessarily mean spending a LOT of money, but spending dollars where they count will help you get as close to your asking price as possible.
The first place you need to allocate funds is in repairs. You’ll need to think like a house inspector. He or she will come in and do everything from flipping on light switches to searching for plumbing leaks. Because you will be asked to make these repairs before contracts are completed, go ahead and make them before your house is listed. Doing this will show that you have taken great care of your home and it will prevent buyers from having reservations about buying from you. Invite your realtor to walk around your house with you to create your to-do list.
2. SPRUCING UP
Look around your house closely. Does the carpet look dirty? Do your hardwood floors look dull and dingy? Does the bright green kitchen that you loved five years ago now seem like a distraction with all the tiny handprints? Decide which jobs you can handle and then spend a few dollars on the ones you can’t. For instance, hire a professional carpet cleaner to get that deep-down clean, and then ask a friend to help you paint your kitchen a neutral color and search the Internet for tips on how to make your hardwood floors sparkle.
This will be the most difficult one for you to determine on your own, so that’s where I come in. I will use my years of working in the Brentwood, Tenn., real-estate business to coach you in what people are expecting when they are looking for the perfect home. I will show you other listings in your area, and together we can decide what you’re willing to do. Do all the other listings in your area and price range have granite countertops? Are you the only one in the neighborhood that is still hanging on to brass hardware? You’ll want to make the changes that count and that work for your budget.
Let me help you determine what is necessary and where you can save your cash. Call me and we’ll have your house sold in no time!
Posted on 02/10/2014 11:05 PM by Jarod
Monday, 3 February 2014
Why Nashville Real Estate Is a Smart Move
One of the best things about living in the Nashville, Tenn., area is that there is a lot of free advertising for me as a real estate agent when it comes to shouting from the rooftops that this is a great place to live and invest in real estate. This year is no exception, as Nashville’s name is being spread far and wide.
The New York Times recently listed “52 Places to Go in 2014,” and as I scanned the list of places such as Dubai, the Artic Circle, and Brazil, I perked up when I saw that Nashville made the list with only eight other places in the United States. That’s right. This list was 52 places to visit around the world, and Nashville made the list. Not too shabby.
Nashville made headlines twice more when Forbes named Nashville 5th in the nation as a “Metro Area With the Most Momentum Going Into 2014” because of its diverse industries and a growing educated population, AND it was named as the 4th best place in the U.S. to invest in a home in 2014. Impressed yet?
And then The Huffington Post has this article circulating all over Facebook titled “22 Reasons You Should Visit Nashville Now.” This list got me thinking in a few different ways. First, for those who already live here, we need to get out and experience those places and things that make the Nashville area so unique! Embrace your city. Get to know it and the people who live here. You live in a city that people want to visit, and you’re already here! People who love where they live are happier people. I don’t have a Web link for that one, but trust me.
Secondly, if you live here and haven’t yet put down roots, now is a great time to invest in real estate here. (Forbes said so.) You know you want to. Make it official.
And lastly, if you’re reading this because you’re thinking about moving to the Nashville area, get here fast! Did you see the articles above? Nashville is happening! Let me show you around, take you out for some hot chicken and waffles, and help you find your place in a city that I know you will love!
Posted on 02/03/2014 11:17 PM by Jarod